Budget 2019 to be inclusive, benefit most Malaysians, says Zeti

Former Bank Negara Malaysia (BNM) governor Zeti Akhtar Aziz says the budget will contribute to the creation of an ecosystem that will help the economy improve.

KUALA LUMPUR: The 2019 Budget, to be tabled on Friday, is expected to be inclusive and benefit the majority of Malaysians, said former Bank Negara Malaysia (BNM) governor Zeti Akhtar Aziz.

She said the maiden budget to be presented by Finance Minister Lim Guan Eng would contribute to the creation of an ecosystem that would help the economy improve.

“(Hopefully) the 2019 Budget will provide future direction on how the financial position can be strengthened,” Zeti told selected members of the media during a recent interview.

The budget is expected to usher in fiscal discipline, including new taxes and spending cuts, as Lim earlier warned Malaysians that they should prepare to make some sacrifices.

Back in August, BNM revised Malaysia’s economic growth this year to 5.0%, slightly lower than the earlier projection of between 5.5% and 6.0%, due to prolonged disruptions in oil and gas production, and lower production in the agriculture sector.